Arrow Electronics has announced that it has signed a definitive agreement to acquire California-based product engineering and software R&D services firm eInfochips.
eInfochips specialises in IoT-based business models. Arrow expects to further its IoT platform through the acquisition. Arrow’s IoT “sensor-to-sunset” platform will receive a boost from eInfochips’ efforts that include adding engineering, solution architecture, embedded software development, security, mobile device connectivity, app development, cloud configuration and management, and managed services including big-data analytics.
Michael J. Long, chairman, president, and chief executive officer of Arrow, said: “We will deliver complex and connected IoT solutions and technologies across multiple cloud platforms. This acquisition adds over 1,500 IoT solution architects, engineers, and software development resources to Arrow’s already leading position in IoT design services.”
Matt Anderson, chief digital officer of Arrow, said: “Arrow has redefined design engineering with our industry-leading eDesign digital platform. Customers now collaborate on Arrow.com with hundreds of online-enabled engineers. Our engineers help customers with online reference designs, cloud-based design tools, and our eDesign platform. Connecting eInfochips’ IoT capabilities and engineers to our eDesign platform will substantially augment the scale of eInfochips’ services, delivered via digital tools, to Arrow’s 125,000 customers.”
Arrow had in July teamed up with IBM to integrate IBM’s Watson IoT platform and IBM Cloud services into Arrow’s ideation-to-production services to gain advantage from the growing IoT market in Asia Pacific. Arrow offered the IBM Watson IoT platform via IBM Cloud, giving them access to more than 160 industry-leading cloud services to incorporate ready-to-use capabilities, such as artificial intelligence (AI), blockchain, advanced data analytics and cyber security into their latest IoT inventions to the customers in Asia Pacific.